TLDR Tech / Fintech
Visa and PayPal execs weigh impact of K-shaped economy
Payments executives see mixed signals from a “K-shaped” economy, where higher-income consumers continue spending while lower-income segments pull back. PayPal says it is feeling pressure because its user base skews more middle- and lower-income, leading to slower growth in areas like branded checkout. Visa, by contrast, reports broadly resilient and consistent spending across segments, suggesting less divergence at a global network level.
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